SHMD (Schmid Group NV) LT-Debt-to-Total-Asset : 0.27 (As of Jun. 2024)

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What is Schmid Group NV LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Schmid Group NV's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.27.

Schmid Group NV's long-term debt to total assets ratio increased from Jun. 2023 (0.17) to Jun. 2024 (0.27). It may suggest that Schmid Group NV is progressively becoming more dependent on debt to grow their business.

Schmid Group NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Schmid Group NV's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schmid Group NV LT-Debt-to-Total-Asset Chart

Schmid Group NV Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.85

0.27

0.20

0.30

Schmid Group NV Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.20	0.17	0.30	0.27

Schmid Group NV LT-Debt-to-Total-Asset Calculation

Schmid Group NV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	34.418	/	116.229
	=	0.30

Schmid Group NV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	33.437	/	122.467
	=	0.27

Schmid Group NV (NAS:SHMD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Schmid Group NV LT-Debt-to-Total-Asset Related Terms

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Schmid Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250

Website

https://www.schmid-group.com

Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).

Schmid Group NV Headlines

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